Widely used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological disorders. Its unique spirocyclic structure makes it valuable for developing molecules with enhanced binding affinity and selectivity for specific receptors in the brain. Additionally, it is utilized in the creation of compounds for treating conditions like depression, anxiety, and cognitive impairments. Its application extends to medicinal chemistry, where it aids in optimizing drug candidates for improved efficacy and reduced side effects.